Bitcoin Forum

I have a Question, I have heard that with the Hard Fork coming this 1st of August, if you own BTC you will get also the same amount of BCC, but the question is how will you get the BCC, will your wallet or exchange open another wallet for you and get you there the BCC or how will that work?

For instance if you have your BTC on the wallet blockchain.info, will they get your BCC in the same wallet or in another one? In case you have BTC in a exchange like Kraken or Coinbase, will they also get you your BCC? or how will it work?

it differs massively from place to place. you're better off checking your exchange or wallet provider's twitter or blog.

as blockchain.info doesn't have your private keys they're not in charge of your bcc either.

It depends on the exchanges itself.

Some may support it and others not.
Here's some exchanges that will support BCC and already announced it: Bittrex, kraken, Okcoin, Bitfinex and more.

Here's what I found : https://electrum.org/bcc.txt

Most of the exchanges have made their stand clear whether they will be supporting BCC or not and most of them aren't supporting two blockchains. So it is better to keep your bitcoin in a hardware or software wallet and hold your private keys. After 1st August you can import your private keys to the wallet which will be supporting BCC and can claim your BCC equivalent to BTC you hold.

There can be two different cases-

1. You own private keys of your wallet - If your answer is 'yes' to this question then you can surely claim BCC with your current balance on address by simply adding private keys to BCC wallet.

2. You don't own private keys - If you using third-party hosted wallet like exchange and web wallets, the decision whether you get or don't get BCC will be dependent on exchange or wallet's opinion. Every exchange has different views on this. I am receiving e-mails from almost every wallet about its take on fork. Better read their personal opinions.

A very clear explenation. Thanks for posting.


Won't be of much use though, I expect. Most everyone will dump their 'free' BCC. By the time you get your BCC to an exchange a single BCC will most probably be less then a dollar.

You can of course hold on to them, maybe after the storm subsides, the people behind it will try to pump it, so you can dump on them.

No, in current have more exchange say they will keep safe Bitcoin of user, but just old Bitcoin and not support new type Bitcoin (Bitcoin Cash). If user want receive Bitcoin Cash in August 1st, just have 2 option are:

1. Keep Bitcoin on exchange support receive Bitcoin Cash, as Bittrex, BTCC, Kraken ...
2. Keep Bitcoin in wallet have permission get private key.

Depending on the price, it might not even be worth it for guys like me with lots of small transactions to try to split their coins. Hopefully TX fees won't be super high then as it'd take me $60 to transfer all my BTC at a low fee and a hell of a lot of time.

Most of the replies here will now give you clear thoughts now on some insights about your concern.

Now to make it easy and if you want some BCC, then prior to August 1st, moved your bitcoin funds to a wallet where you can control your private keys e.g Electrum. Even some of the exchanges will show support for BCC,  it's still better if you are the one who will hold your own bitcoin in case of a hardfork.

Yes it is true but to claim those BCC you should either have your bitcoin in platform that will support BCC afterwards like bittrex, they have announced that they will support BCC and give respective amount of BCC to all BTC you have there.

Or you should have bitcoin in your paper wallet or any address with private key in your control , than you might have to import that to wallets that will support BCC after split.

Ok so what is the best BCC wallet to download then? I am too lazy to use google

It is too early to worry for BCC. Chain split is not going to happen as softfork alone having solid 87% from miners (and we can keep believing there will not be any drastic chances in last hours too). All we need to do as of now must be, preparing for segwit activation as per theymos' guidelines. In an unfortunate situation, if split happens then we may concern about BCC. I heard it is just a version of viabtc and not by any developer. In this case also it is too early to go for BCC.

BCC now has nothing to do whether segwit gets activated or not.They are forking on August 1 regardless.get your facts straight!

You cant use the same private key and the same address with two different coins.

A private key for BTC is different from one for LTC, they use different seeds.

If you use the same address, the same key, then it's still the same coin, and not another.

You will have to split it to get BCC, so it will not be free like people are saying.

Yeah but from what I have heard only a minority of miners are supporting this fork, so it's not going to be too much of a problem from what I can see.

That is right. I will move out the bitcoins from the exchange so that I can get both.

As far as I know, there's only one wallet... the wallet on www.bitcoincash.org , and that's about it. There's a supposed "Electrum Cash" wallet, which Electrum developers have said that they do not officially support and it has nothing with them, so this tell you how ridiculous the situation is. By no means download that wallet. Just get the full client on bitcoincash.org which is just a full node ripoff from Core 14.0 and copy-paste your block files on there, in case you are not running a full node already then you will need to download the whole thing again...

Just hold the private key and use the valid wallets that accept the bitcoin divide, you will receive the corresponding BCC. At present, BCC is carrying a good value, however, with BTC, I am afraid it will go down.

Indeed. Only the minority supports this but they will push this through. There are some individuals who are eager to have BCC in the market and in fact it is  supported by some chinese investors.
Its quite alarming that btc will have bcc as a shadow of it. I cant imagine that they made this coin and now if you have btc you will have the same amount of bcc therefore bcc is a free coin?

It is a "free" coin, because it is a fork of Bitcoin. Nothing wrong in the market trying out new ideas. The scaling debate has been going on for too long and a fork is a very good way to find out how much support there is for very big blocks.

I'm pretty sure that blockchain.info won't accept BCC. However you do hold your own private keys on blockchain.info which means if they don't have support for BCC you can always download the official bitcoin cash client and claim your bitcoin cash that way.

Just keep in mind that bitcoin cash is probably going to drop dramatically in value because of the fact that it has no real usage outside of speculative purposes. So you might want to dump it the first opportunity you get.

If you're using coinbase, transfer your coin out IMMEDIATELY. Else you may not be able to claim your BCC when the blockchain snapshot is taken on 1st August.

Thanks dude.  Rarely use twitter but a good source of info at times like this.  Just confirmed that Jaxx wallet will support the hard fork.

Theoretically yes, you will get your bitcoin cash just like other altcoin airdrops once the hard fork is activated in 2 days time. However if you have your coins on an exchange or on a web wallet on which you do not have 100% control over your private keys then you could be in danger of being robbed of your bitcoin cash once the fork does get activated. At current prices thats 0.12 BTC per bitcoin you hold just down the drain.

So to avoid this make sure you

- Use a desktop client which you have full control over
- Backup your recovery seed
- Make sure that you don't wait till last minute to send your bitcoins to your wallet from an exchange/web wallet because there could potentially be instability.

If you follow the steps above, you should be good.

This is why it has been recommended for some time in the forum that you need to be the one on control of your private keys so you do not need to investigate how a particular exchange is going to deal with all this mess of the hard fork, at this point in time you may be too late.

No, you don't have control to your private keys there and there's no statement that blockchain.info will support BCC.


Coinbase = no, kraken = yes but it's better to put your bitcoins into a wallet that you hold your private keys.